Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 03, 2022 |
referred to rules delivered to senate passed assembly ordered to third reading rules cal.762 rules report cal.762 reported |
Jun 01, 2022 |
reported referred to rules |
May 30, 2022 |
referred to ways and means |
Assembly Bill A10495
2021-2022 Legislative Session
Sponsored By
WEINSTEIN
Archive: Last Bill Status - In Senate Committee Rules Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2021-A10495 (ACTIVE) - Details
- Current Committee:
- Senate Rules
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd §2799-gg, Pub Auth L
2021-A10495 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10495 I N A S S E M B L Y May 30, 2022 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Weinstein) -- read once and referred to the Committee on Ways and Means AN ACT to amend the public authorities law, in relation to bonds issued by the New York city transitional finance authority THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 2799-gg of the public authorities law, as amended by chapter 182 of the laws of 2009, is amended to read as follows: 1. The authority shall have the power and is hereby authorized from time to time to issue bonds, in conformity with applicable provisions of the uniform commercial code, in such principal amounts as it may deter- mine to be necessary pursuant to section twenty-seven hundred ninety- nine-ff of this title to pay the cost of any project and to fund reserves to secure such bonds, including incidental expenses in connection therewith. The aggregate principal amount of such bonds, notes or other obli- gations outstanding shall not exceed [thirteen billion, five hundred million dollars ($13,500,000,000)] TWENTY-THREE BILLION, FIVE HUNDRED MILLION DOLLARS ($23,500,000,000), excluding bonds, notes or other obli- gations issued pursuant to sections twenty-seven hundred ninety-nine-ss and twenty-seven hundred ninety-nine-tt of this title; provided, howev- er, that upon any refunding or repayment of bonds (which term shall not, for this purpose, include bond anticipation notes), the total aggregate principal amount of outstanding bonds, notes or other obligations may be greater than [thirteen billion, five hundred million dollars ($13,500,000,000)] TWENTY-THREE BILLION, FIVE HUNDRED MILLION DOLLARS ($23,500,000,000) only if the refunding or repayment bonds, notes or other obligations were issued in accordance with the provisions of subparagraph (a) of subdivision two of paragraph b of section 90.10 of the local finance law, as amended from time to time. Notwithstanding the foregoing, bonds, notes or other obligations issued by the authority may be outstanding in an amount greater than the amount permitted by the preceding sentence, provided that such additional amount at issuance, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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